Dear diary: Pakistan has signed a memorandum of understanding with a company tied to World Liberty Financial to test its USD1 stablecoin for cross-border payments. Very on-trend, very “is this what my coffee budget looks like in the future?”
One of the first public collaborations involving WLF, the move arrives as US-Pakistan ties begin to thaw with the warmth usually reserved for old friends and questionable sushi menus. 🤝
Details From the Agreement
Reuters reports that the Pakistan Virtual Asset Regulatory Authority signed the deal with SC Financial Technologies, an entity affiliated with WLF. The regulator explained the memorandum aims to support dialogue and technical understanding around emerging digital payment architectures.
Under the agreement, SC Financial Technologies will work with Pakistan’s central bank to explore integrating the USD1 stablecoin into a regulated digital payments framework, allowing the token to sit alongside the country’s digital currency infrastructure. It’s all very futuristic, like paying for a kebab with a stablecoin while wearing sunglasses indoors. 😎
Zach Witkoff, CEO of WLF and SC Financial Technologies, announced this during a visit to Pakistan, where he met with senior local stakeholders to discuss digital payment systems, cross-border settlement, and foreign exchange processes. He probably also learned the art of haggling over rupees and rhetoric.
SC Financial Technologies is registered in Delaware and co-owns the USD1 stablecoin brand with the crypto business tied to Donald Trump’s family, according to stablecoin reserves documents from July 2025. It’s a small world, after all, especially in the world of finance. 🌍
Commenting on the agreement, Pakistan’s Finance Minister Muhammad Aurangzeb said, “Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest.” Translation: we’ll keep the grown-up stuff calm while the techy stuff does cartwheels. 😅
Pakistan’s Digital Strategy
Stablecoins have surged recently, in part because the GENIUS Act in the United States provided clear rules for dollar-backed digital assets. Clarity tends to encourage other countries to peek at the playbook. 🕵️♀️
USD1 launched on Ethereum and Binance’s BNB Chain in March 2025, and went live on DWF Labs’ market maker platform just over two months later. World Liberty recently proposed using up to 5% of its unlocked WLFI tokens-worth around $120 million at the time-to boost the asset’s growth. This followed the stablecoin’s rising star moment when Abu Dhabi’s MGX used it to acquire a $2 billion stake in Binance. Plot twist: international finance as dramatic as a reality show. 💥
Meanwhile, Pakistan is pushing its own digital currency agenda to cut cash usage and improve cross-border payments like remittances, a key source of foreign exchange. In July last year, the central bank governor said the nation was preparing to launch a CBDC pilot and was finalizing legislation to regulate virtual assets. It’s a lot of paperwork, but who doesn’t love paperwork in a windy city of a world? 🍵
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2026-01-15 01:14